Emergency Fund Calculator
Calculate how much you need in your emergency fund based on your expenses and financial situation. Build financial security with the right savings target.
Why You Need an Emergency Fund
An emergency fund protects you from unexpected expenses like job loss, medical bills, or major repairs. It prevents you from going into debt during financial emergencies.
Calculate Your Emergency Fund
Include rent, utilities, groceries, insurance, minimum debt payments
How much can you save each month toward your emergency fund?
Your Emergency Fund Target
$0
6 months of expenses
Progress0.0%
Start building your emergency fund as soon as possible.
Your Savings Plan
Amount Needed$0
Monthly Savings$0
Time to GoalAlready achieved!
Emergency Fund Essentials
What Counts as an Emergency?
- • Job loss or reduced income
- • Medical emergencies or unexpected health costs
- • Major home or car repairs
- • Family emergencies requiring travel
- • Natural disasters or unexpected events
Where to Keep Emergency Funds
- • High-yield savings account
- • Money market account
- • Short-term CDs (laddered)
- • Avoid: Checking accounts, investments
Building Your Fund
- • Start small - even $25/month helps
- • Automate transfers on payday
- • Use the 50/30/20 rule (20% for savings)
- • Save tax refunds and bonuses
- • Cut unnecessary expenses temporarily
When to Use It
- • Only for true emergencies
- • Not for vacations or shopping
- • Replenish immediately after use
- • Consider if other options exist first
Ready to Build Your Emergency Fund?
Get personalized advice on building your emergency fund and creating a comprehensive financial safety net with Warren AI.